Everything is mentioned in the chart, just draw these lines before the start of the market and trade as per support and resistance. Since Current CPR is below today's CPR level is a sign on Bearishness so there is a high probability that market will open gap down and if that happens then we might see 1 side move in the market. Use 20SMA/VWAP to book book maximum profit.
Nifty Support and Resistance levels marked for Monday Trading,
BankNifty Support & Resistance Marked for 27th Aug. If market opens below 36000 then go short for target of S1 to S4. Above 36000 long for target of R1 to R4. Book 50% @ S1/R1 & use RSI & BB to trend the rest and book maximum profit.
Important Support and Resistance levels marked in the chart. Go long above 16,645 and Short Below 16,638. Use trailing SL and follow 20 MA & RSI @ 50 to get the maximum profit.
Although it is very difficult to explain the difference between different indicators at different time frame and setup, but I’ll try to keep it as simple as possible. I will try to explain with 1 example. Index: BankNifty (BN) Timeframe: 5 Mins Trading: Intraday only Date: 26th Aug Indicators for Strategy 1: BB + RSI (9) @ 50 + EMA (3) on RSI + WMA (21) on RSI ...
I believe, there are no bulls and bear in the market, there are just stock operators. These operators are the people/institutions with the big money and resources to take stock from point A to B and then back to A. Read below in your free time to understand, how operator runs stock, trap retailers & how they generate profits. And in the whole process, how and when...
Some people say that pivot points are sufficient to identify trend and some say look at the other indicators like MCAD, Supertrend, etc. I would say everything works and nothing works. One has to use the right tool at the right time to identify trend, one tool or strategy will not work in all scenarios. Today after breakout best intraday call is Hindalco but the...
It could be the change in momentum and from this point we can see 60/70% gain in few months. This is also strength in RSI from last few days.
Always go back a little and check before investing, weather breakout is false or true. It is forming a triangle pattern so we might see a rally soon, but it all depends where stock goes from this point. If it starts trading in narrow zone and in the triangle formed then its possible we might see a true breakout soon.